EL short: mean reversion to monthly trendline

٦ يونيو ٢٠١٨

EL has broken out of monthly trendline and formed a new steeper trendline. The steeper trendline has broken downward and monthly trendline will be re-tested.

٦ يونيو ٢٠١٨

ملاحظة

Trade should be taken tomorrow morning if new lows are made vs yesterday.

٧ يونيو ٢٠١٨

ملاحظة

No new low made / trade cancelled for now

١١ يونيو ٢٠١٨

ملاحظة

glad we didn't take that trade, new ATH today

٢٠ يونيو ٢٠١٨

ملاحظة

6/18 daily bear div completed and weekly bear div on progress. Should have seen that 6/18 bear div it could have been a short opportunity. Now we should watch for a H&S forming with neckline around 147.6, could be a short opportunity.